Power REIT (NYSE:PW) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Power REIT (NYSE:PW) in a report issued on Thursday. The brokerage set a “sell” rating on the stock.

Power REIT Stock Performance

PW opened at $1.02 on Thursday. The business has a 50 day moving average price of $1.15 and a two-hundred day moving average price of $1.19. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $3.46 million, a price-to-earnings ratio of -0.14 and a beta of 1.66. Power REIT has a 1-year low of $0.40 and a 1-year high of $2.75.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Power REIT stock. Virtu Financial LLC purchased a new stake in Power REIT (NYSE:PW) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned about 0.72% of Power REIT at the end of the most recent quarter. Institutional investors own 14.65% of the company’s stock.

Power REIT Company Profile

Power REIT, with a focus on the Triple Bottom Line and a commitment to Profit, Planet and People is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation.